Nigeria’s foreign exchange (FX) reserves have witnessed a significant downturn, plunging by approximately $1.84 billion in 26 days, amidst the Central Bank of Nigeria’s (CBN) robust efforts to stabilise the Naira. Current figures from the Central Bank of Nigeria, CBN, as of April 12, 2024, reveal that the FX reserves are now positioned at $32.61
Nigeria’s FX reserves dip by nearly $2 billion in less than one month
